Former Suncorp executive joins APRA

APRA/appointments/federal-government/Treasurer/

27 November 2015
| By Malavika |
image
image
expand image

The Australian Prudential Regulation Authority (APRA) has appointed former Suncorp Life Australia and New Zealand chief executive, Geoff Summerhayes, as a full-time member from 1 January 2016 up to and including 31 December 2020.

Federal Treasurer, Scott Morrison, made the announcement today, adding that Helen Rowell, who joined APRA in 2002, has been appointed as the full-time deputy chair for a term up to and including 30 June 2018.

APRA welcomed the appointments, with chairman, Wayne Byres saying Summerhayes would bring commercial acumen and experience to the position.

"I look forward to working with Helen and Geoff to ensure APRA continues to perform its responsibilities effectively and efficiently, for the benefit of the Australian community," he said.

Summerhayes announced in June that he would depart Suncorp Life in September after commencing the role in May 2008.

He has also held senior roles in the Financial Services Council, National Australia Bank and MLC, and Lend Lease and has more than 20 years of property and financial services experience.

He will have particular focus on APRA's activities in general, life, and private health insurance, APRA said.

Rowell will continue to look after superannuation matters within APRA for the duration for her five-year term.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS